Cloud services are becoming incredibly popular. A study conducted in 2015 by NaviSite indicates that over fifty percent of financial services businesses have transferred between twenty-five to fifty percent of their IT infrastructure to the cloud. It would not be a surprise to see more in the future; often, financial companies begin with a slow approach to the cloud, slowly integrating it into their workplaces. Eventually, though, they begin to take up more and more cloud services. This is because financial service firms deal with important information dealing with both individuals and businesses, making security vital. For that reason, cloud services are becoming more popular; they provide better protection.
However, this is not the only thing they provide; Cloud services allow companies to store more data; as a result, they are also able to make more money. Most financial firms usually have high data demands because of the amount of “transactional, personal and complex data” they need to work with. The more they are able to process and analyze these bunches of information, the more they are able to predict their consumers. As a result, their services can be fine-tuned to their consumers. The cloud evidently services as the perfect platform for financial business because of their security, storage, and various other services.
One company, in particular, has been proof in the growth of the cloud services industry. Gawk Inc (OTCMKTS:GAWK) has a wide variety of cloud services, including communications, connectivity, computing, and managed cloud-based applications for businesses of all sizes. In addition, they also offer voice services to communications carriers worldwide. Other benefits of GAWK Inc. include “fault tolerant, high availability cloud servers, which comprise platform as a service, infrastructure as a service, and a content delivery network.” With so much to offer, the company is able to generate large amounts of revenue. For instance, in December, the company announced that they were up 1089%, for the first nine months of 2015, over the same period in 2014.
CEO Scott Kettle said, “We are growing rapidly as planned through acquisition and by signing up clients who recognize our superior technology, which includes ‘Last Mile’ wireless connections. Our intention is to build a national chain of GAWK data centers, and expanding internationally from there. GAWK currently has a presence in 21 countries, and 31 major cities, (16 cities in the U.S.).”
But it did not stop there. Fast forwards two months and in February, the company acquired Connexum LLC, which tripled their annual revenue from $2 million to $6 million. Connexum LLC works as a telecommunications carrier in the United States. It provides wholesale services such as sip termination, wholesale DID origination, and business Internet services. Like GAWK, Connexum LLC has many more services besides these. What this does is helps make GAWK, Inc. a renaissance company, providing many services.
Kettle stated, “This marks the third acquisition by Gawk Inc (OTCMKTS:GAWK), after adding WebRunners, Inc. Irvine, CA-based data center, on October 31, 2014, and asset purchase of NetD Consulting, Inc. on May 1, 2015, within our strategy of growth through acquisition. With this acquisition, Gawk has achieved bottom line profitability. Connexum’s robust position in the VoIP sector will nearly triple our revenue, and gives GAWK greater scope within our cloud-communication services marketplace.” GAWK is indeed leaving its mark on the cloud services industry, and will continue to do so, evident by such a great start to 2016.